£42,975
This estimated value is based upon the latest sale price for the house of £13,250 on 12 Oct 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£13,250 | 12 Oct 2001 |
Semi-Detached |
Leasehold |
Floor Area: 67 sq meters or 721 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in October 2001 the House Price Index for TYNE AND WEAR was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £13,250 results in an estimated price of approximately £42,975.
12 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
45.8 | 148.6 | 224.341 % | £13,250 | £29,725 | £42,975 |
The Postcode Pricing Model uses changes in average sales price within the NE28 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 263.960 % | £34,974 | £48,224 |
3 Month Average | 233.666 % | £30,960 | £44,210 |
6 Month Average | 270.059 % | £35,782 | £49,032 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £129,771 | £127,500 | 495 STATION ROAD NORTH |
22 Sep 2023 | £105,347 | £104,000 | 15 FARNDALE |
15 Aug 2023 | £193,695 | £192,000 | 6 FARNDALE |
2 Jun 2023 | £207,514 | £205,000 | 43 WESTERDALE |
25 Oct 2022 | £75,190 | £76,000 | 19 FARNDALE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 29 Feb 2016. Using an estimated price of £42,975 means this house is valued at £641 per sq meter (£59 per sq foot).
The average size of a house on BROOKSMEAD is 78 sq meters (846 sq feet).